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Impact of financial regulations: insights from an online repository of studies

Author

Listed:
  • Frederic Boissay
  • Carlos Cantú
  • Stijn Claessens
  • Alan Villegas

Abstract

The BIS is launching a public, online and interactive repository of studies on the effects of financial regulations, called FRAME. The purpose of this repository is to keep track of, organise, standardise and disseminate the latest findings. FRAME currently covers 83 studies and 139 quantitative impact estimates from 15 countries or groups of countries, offering a new and comprehensive perspective on what the literature has been able to document to date, and where gaps exist. We observe a high degree of heterogeneity across impact estimates, notably in terms of the effects of capital regulation on loan growth: while on average the estimated effect is that more capital leads to more lending, there are large differences across studies. A meta- analysis shows that an important driver of these differences is whether the underlying study incorporates second-round effects.

Suggested Citation

  • Frederic Boissay & Carlos Cantú & Stijn Claessens & Alan Villegas, 2019. "Impact of financial regulations: insights from an online repository of studies," BIS Quarterly Review, Bank for International Settlements, March.
    • Handle: RePEc:bis:bisqtr:1903f
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    References listed on IDEAS

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    Citations

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    Cited by:

    1. Cardot-Martin, Raphaël & Labondance, Fabien & Refait-Alexandre, Catherine, 2022. "Capital ratios and banking crises in the European Union," International Economics, Elsevier, vol. 172(C), pages 389-402.
    2. Dautović, Ernest & Gambacorta, Leonardo & Reghezza, Alessio, 2023. "Supervisory policy stimulus: evidence from the euro area dividend recommendation," Working Paper Series 2796, European Central Bank.
    3. Gulan, Adam & Jokivuolle, Esa & Verona, Fabio, 2022. "Optimal bank capital requirements: What do the macroeconomic models say?," BoF Economics Review 2/2022, Bank of Finland.
    4. Ambrocio, Gene & Hasan, Iftekhar & Jokivuolle, Esa & Ristolainen, Kim, 2020. "Are bank capital requirements optimally set? Evidence from researchers’ views," Journal of Financial Stability, Elsevier, vol. 50(C).
    5. Stefan Avdjiev & Bryan Hardy & Patrick McGuire & Goetz von Peter, 2020. "Home sweet host: Prudential and monetary policy spillovers through global banks," BIS Working Papers 853, Bank for International Settlements.
    6. Buch, Claudia M. & Dominguez-Cardoza, Angélica & Völpel, Martin, 2021. "Too-big-to-fail and funding costs: A repository of research studies," Technical Papers 01/2021, Deutsche Bundesbank.
    7. Leonardo Gambacorta & Tommaso Oliviero & Tommaso Hyun Song Shin, 2020. "Low price-to-book ratios and bank dividend payout policies," BIS Working Papers 907, Bank for International Settlements.
    8. Mariusz Kapuściński, 2024. "The short-term effects of changes in capital regulations in Poland," Bank i Kredyt, Narodowy Bank Polski, vol. 55(3), pages 255-286.
    9. Schuknecht, Ludger & Siegerink, Vincent, 2020. "The political economy of the G20 agenda on financial regulation," European Journal of Political Economy, Elsevier, vol. 65(C).
    10. Katarzyna Budnik & Gerhard Rünstler, 2023. "Identifying structural VARs from sparse narrative instruments: Dynamic effects of US macroprudential policies," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 38(2), pages 186-201, March.
    11. Ambrocio, Gene & Hasan, Iftekhar & Jokivuolle, Esa & Ristolainen, Kim, 2020. "Are bank capital requirements optimally set? Evidence from researchers’ views," Journal of Financial Stability, Elsevier, vol. 50(C).
    12. Martin Hodula & Zlatuše Komárková & Lukáš Pfeifer, 2021. "The relationship between capital and liquidity prudential instruments," Journal of Regulatory Economics, Springer, vol. 59(1), pages 47-70, February.
    13. Papadopoulos, Georgios, 2020. "Probing the mechanism: lending rate setting in a data-driven agent-based model," MPRA Paper 102749, University Library of Munich, Germany.
    14. Stefan Avdjiev & Bryan Hardy & Patrick McGuire & Goetz von Peter, 2021. "Home sweet host: A cross‐country perspective on prudential and monetary policy spillovers through global banks," Review of International Economics, Wiley Blackwell, vol. 29(1), pages 20-36, February.
    15. Salvatore Cardillo & Raffaele Gallo & Francesco Guarino, 2021. "Main challenges and prospects for the European banking sector: a critical review of the ongoing debate," Questioni di Economia e Finanza (Occasional Papers) 634, Bank of Italy, Economic Research and International Relations Area.
    16. Carletti, Elena & Claessens, Stijn & Fatás, Antonio & Vives, Xavier (ed.), 2020. "Barcelona Report 2 - The Bank Business Model in the Post-Covid-19 World," Vox eBooks, Centre for Economic Policy Research, number p329.
    17. William C. Dudley, 2024. "Bank Failures and Contagion Lender of Last Resort, Liquidity, and Risk Management," Working Papers 329, Princeton University, Department of Economics, Center for Economic Policy Studies..
    18. Malovaná, Simona & Hodula, Martin & Gric, Zuzana & Bajzík, Josef, 2023. "Macroprudential policy in central banks: Integrated or separate? Survey among academics and central bankers," Journal of Financial Stability, Elsevier, vol. 65(C).
    19. Mohammed Mikou, 2023. "The Impact of the Basel III banking regulation on Moroccan banks," IHEID Working Papers 10-2023, Economics Section, The Graduate Institute of International Studies.
    20. Dominika Ehrenbergerová & Martin Hodula & Zuzana Gric, 2022. "Does capital-based regulation affect bank pricing policy?," Journal of Regulatory Economics, Springer, vol. 61(2), pages 135-167, April.
    21. Durand, Pierre & Le Quang, Gaëtan, 2022. "Banks to basics! Why banking regulation should focus on equity," European Journal of Operational Research, Elsevier, vol. 301(1), pages 349-372.
    22. repec:zbw:bofrdp:2020_010 is not listed on IDEAS

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    More about this item

    JEL classification:

    • E44 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Financial Markets and the Macroeconomy
    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • G28 - Financial Economics - - Financial Institutions and Services - - - Government Policy and Regulation

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